eHi Car Services Limited (EHIC) Stake Held by California Public Employees Retirement System

California Public Employees Retirement System continued to hold its position in eHi Car Services Limited (NYSE:EHIC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,300 shares of the company’s stock at the end of the first quarter. California Public Employees Retirement System owned 0.12% of eHi Car Services Limited worth $842,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC raised its position in eHi Car Services Limited by 310.9% in the fourth quarter. Renaissance Technologies LLC now owns 108,900 shares of the company’s stock valued at $987,000 after buying an additional 82,400 shares during the last quarter. 29.35% of the stock is owned by institutional investors.

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eHi Car Services Limited (NYSE EHIC) traded up 1.20% during trading on Wednesday, reaching $9.28. The company had a trading volume of 70,613 shares. eHi Car Services Limited has a 12 month low of $8.11 and a 12 month high of $12.43. The company has a market capitalization of $634.54 million, a P/E ratio of 63.56 and a beta of 0.42. The firm’s 50 day moving average is $9.66 and its 200-day moving average is $9.99.

eHi Car Services Limited (NYSE:EHIC) last posted its quarterly earnings results on Monday, June 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. eHi Car Services Limited had a return on equity of 1.68% and a net margin of 2.98%. The firm had revenue of $89.43 million during the quarter. On average, equities analysts expect that eHi Car Services Limited will post $0.31 earnings per share for the current year.

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Several equities analysts recently issued reports on EHIC shares. ValuEngine lowered eHi Car Services Limited from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised eHi Car Services Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd.

eHi Car Services Limited Company Profile

eHi Car Services Limited, formerly Prudent Choice International Limited, is a holding company. The Company is engaged in car rentals and car services. The Company provides self-drive car rental services to both individual customers, as well as corporate and institutional clients to meet travel, leisure, business and ground transportation needs.